Expect Nifty 50 Firms To Post 1.5% Profit Growth In 2017-18: Kotak Institutional Securities

Expect Nifty 50 Firms To Post 1.5% Profit Growth In 2017-18: Kotak Institutional Securities

Mumbai: Weak earnings for the April-June period, wherein Nifty 50 companies reported an 8.4 per cent decline in net income, reflects underlying weakness in the economy and the possibility of yet another sluggish year, according to a report by brokerage...
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Moody’s Downgrades ICICI’s MTN Notes Raised Via Bahrain Branch

Moody’s Downgrades ICICI’s MTN Notes Raised Via Bahrain Branch

  Mumbai: Moody’s has downgraded ratings on forex debt of ICICI Bank raised through its Bahrain branch under the medium term notes programme even as it retained the ratings on the bank’s foreign currency senior unsecured debt. “We’...
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At Infosys, it’s all-out war as Vishal Sikka resigns

At Infosys, it’s all-out war as Vishal Sikka resigns

At Infosys Ltd, the battle between the founders and the company’s board has just gone nuclear. In an unprecedented attack, the board of Infosys on Friday blamed founder NR Narayana Murthy, who has often referred to Infosys as his “middle...
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Infosys approves up to Rs 13,000 crore buyback of shares

Infosys approves up to Rs 13,000 crore buyback of shares

India’s second-biggest IT firm Infosys said on Saturday it will buy back shares worth up to Rs 130 billion ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company’s founders. The board...
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Sensex Up Over 100 Points, ITC Surges Nearly 3%

Indian shares edged up on Wednesday, but investors remained on the sidelines in the absence of strong catalysts after the market’s record-setting run early this month. Sentiment was largely muted in Asia, with MSCI’s broadest index of Asia-Pacific ...
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Vishal Sikka’s exit from Infosys revives promoter vs outsider debate for top job

Vishal Sikka’s exit from Infosys revives promoter vs outsider debate for top job

The promoter-versus-outsider debate has returned to the fore on running a blue-chip enterprise in India with experts blaming differences between the top management and some founders for Vishal Sikka quitting as Infosys CEO. Sikka took charge as Infosys’ fir...
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